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Uri Levine (co-founder of Waze) has not retired, but is back in the start-up game with several start-ups including 2 that could be considered financial technology plays: 1) FeeX a service that vets users’ portfolios and makes recommendations for similar investments with lower fees and 2) Zeek, an online marketplace for unused store credit.
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Feex is aiming to return to consumers some of the money investment managers charge for their retirement and other funds. In the US alone, these fees add up to about $600bn a year, Levine says, more than twice the size of Israel’s GDP. Feex, which advises users on how to switch their investments into lower-fee vehicles, is advertising itself as “the Robin Hood of fees”.
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